Fresh Air Trump's Foray Into Cryptocurrency
22 snips
Jan 23, 2025 
Investigative reporter Zeke Fox, author of "Number Go Up," dives into the Trump family's lucrative crypto ventures that raise ethical concerns about political influence. He explores how cryptocurrencies have shifted from decentralized currencies to speculative assets, with Trump endorsing various meme coins. The discussion touches on Bitcoin's limited supply, potential regulatory changes under Trump, and the dubious practices of Tether, illuminating the murky waters of the crypto market and its far-reaching implications.
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Cryptocurrency's Purpose
- Cryptocurrency primarily exists as digital entries on computers.
- It's mainly used for speculation, not real-world transactions.
Trump's Meme Coin
- Trump's cryptocurrency, a meme coin, uses his image.
- Meme coins, like Dogecoin, rely on humor and virality for value.
Meme Coin Profits
- People buy meme coins hoping their value will increase, like gambling.
- Insiders often profit by selling coins to the public.
